After raising $50 million, SaaS startup Loginext liquidates assets to US entity for $250k
Backed by Tiger Global, Steadview, logistics SaaS company winds up and sells assets to a Delaware entity Stellation Inc, per a July 8 board resolution. Employee stock plan cancelled, options terminated, amid layoffs at the firm. Chinese ecommerce giant Alibaba and Paytm also invested in the company in its early years but sold their stakes during the 2020 fundraise.
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